Alibaba shows off new technology for mobile payments

mobile commerce payments smartphone shopping

Alibaba announces the Smile to Pay service, using facial recognition technology Alibaba has been showcasing some new technologies recently, including facial recognition technology that could change the way people pay for things. The company has announced a new service, called Smile to Pay, which is currently in a beta testing phase. Alibaba CEO Jack Ma showed off the new service during a recent event, which highlighted the way the service could be used to authorize mobile payments. The service could help add more security to the mobile commerce space, if…

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Mobile payments may impact Alibaba’s IPO

Mobile Payments for ipad

Alibaba takes the last steps toward initial public offering in the US Chinese retail giant Alibaba is currently undergoing something of a transformation. Last year, the company’s founder, Jack Ma, stepped down as CEO to embrace pseudo-retirement. Ma has continued to play a central role in determining Alibaba’s future, which is beginning to look quite mobile-centric. Alibaba is preparing to submit its first major filings in its initial public offering in the U.S. and speculation concerning how the IPO will fare is running rampant. Focus on the mobile space has…

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